Precision Optics (NASDAQ:POCI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Precision Optics (NASDAQ:POCI) to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings upgraded shares of Precision Optics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Precision Optics Trading Down 4.8%

Shares of NASDAQ:POCI opened at $4.18 on Friday. The stock has a 50 day moving average of $4.82 and a 200 day moving average of $4.71. The company has a market cap of $45.73 million, a PE ratio of -6.63 and a beta of 0.34. The company has a current ratio of 2.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. Precision Optics has a 12-month low of $3.55 and a 12-month high of $6.15.

Institutional Investors Weigh In On Precision Optics

A number of institutional investors and hedge funds have recently bought and sold shares of POCI. Needham Investment Management LLC boosted its stake in shares of Precision Optics by 2.9% in the fourth quarter. Needham Investment Management LLC now owns 720,000 shares of the company’s stock worth $3,013,000 after acquiring an additional 20,000 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Precision Optics during the third quarter worth about $49,000. Geode Capital Management LLC raised its stake in Precision Optics by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock valued at $245,000 after purchasing an additional 1,926 shares during the period. DRW Securities LLC bought a new stake in Precision Optics during the 4th quarter valued at approximately $94,000. Finally, Jane Street Group LLC purchased a new position in Precision Optics in the 4th quarter worth approximately $48,000. 13.71% of the stock is owned by institutional investors.

About Precision Optics

Precision Optics Corporation, Inc designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States and the European Economic Area. It offers medical instrumentation products, including endoscopes and endocouplers, as well as other custom imaging and illumination products, such as Microprecision lenses and micro medical cameras, and 3D endoscopes for use in minimally invasive surgical procedures by hospitals and physicians.